Lease accounting, explained
Practical, worked guides on ASC 842 and IFRS 16 — lease classification, measuring the right-of-use asset and lease liability, and the journal entries behind them. Every article cites the standard.
IASB's IFRS 16 Review: What's Changing in 2026
A decade after IFRS 16 landed, the IASB's post-implementation review says lessee accounting mostly works — but rent concessions are getting a fresh look. Here's what's confirmed and what isn't.
Real ASC 842 Restatements From 2025–2026: Lessons
Two real SEC filings from 2025 and 2026 show how ASC 842 restatements actually happen — a mismeasured business combination and a lease nobody flagged. Here's what to check before your auditor does.
Best Lease Accounting Software in 2026: 8 Compared
Eight lease accounting tools compared for ASC 842, IFRS 16 and GASB 87 — buying model, pricing and API access, including a free calculator option.
5 LeaseQuery (FinQuery) Alternatives to Consider in 2026
LeaseQuery is now FinQuery. Here's who it's really built for, why some finance teams look elsewhere, and five verified alternatives — including a free, API-first option.
Visual Lease Alternatives: What to Weigh Before Switching
Visual Lease is a sales-led enterprise platform for real estate and government portfolios. Here's what to look for in a self-serve alternative, with five real options compared.
ASC 842 Disclosure Requirements: A Checklist With Examples
A checklist of ASC 842-20-50 lease disclosure requirements, with a worked maturity analysis example and weighted-average discount rate guidance.
Free Lease Amortization Schedule Template (Build Your Own)
Build a lease amortization schedule in Excel yourself: the exact columns, formulas, and a worked example that reconciles to zero, no download required.
Sale-Leaseback Accounting Under ASC 842: Worked Example
How ASC 842-40 sale-leaseback accounting actually works: the control test, what happens if it fails, gain recognition, off-market adjustments, and a full worked numeric example.
Lease Modifications & the Short-Term Exemption (ASC 842)
How ASC 842 treats lease modifications: the separate-contract test, remeasurement mechanics, and the short-term lease exemption by asset class.
GASB 87 Explained: Lease Accounting for Governments
A plain-English guide to GASB 87 for state and local governments: who it applies to, how the single lease model works, the short-term exemption, and how it compares with ASC 842.
Embedded Leases: How to Spot One in a Contract
A step-by-step guide to finding embedded leases hiding inside service, supply and hosting contracts, using the identified-asset and control tests from ASC 842 and IFRS 16.
Incremental Borrowing Rate Under ASC 842: Set It Right
What the incremental borrowing rate under ASC 842 is, when you must use it, how finance teams actually build one, and the risk-free rate election for private companies.
IFRS 16 vs ASC 842: 7 Key Differences to Know
IFRS 16 and ASC 842 both put leases on the balance sheet, but they classify, expense, and present them differently. Here are the 7 differences that matter.
What Is ASC 842? A Complete Guide to Lease Accounting
ASC 842 is FASB's lease accounting standard. Learn what it requires, who it applies to, key effective dates, and how the right-of-use asset and lease liability work.
What Is a Right-of-Use Asset? ASC 842 Explained
A right-of-use asset is what a lessee records for its right to use a leased item — not the item itself. What ASC 842, IFRS 16 and GASB 87 include, and where it sits on the balance sheet.
ASC 842 journal entries: a worked example
The exact journal entries a lessee posts under ASC 842 — the commencement entry and the periodic entries for both operating and finance leases — walked through with numbers so each side balances.
How to calculate the right-of-use asset and lease liability under ASC 842
Step by step: how to measure the lease liability as the present value of lease payments, and how to build the right-of-use asset from it — with the ASC 842 citations and a fully worked example.
Operating vs finance lease under ASC 842: how to tell the difference
A clear, worked explanation of how ASC 842 classifies a lease as operating or finance — the five criteria, the citations behind each, and why the classification changes your expense pattern but not whether the lease is on the balance sheet.